The Latest Breaking News from Petroleum

Company says its offshore gas project has got tick of approval.

Warren Buffett has taken a significant stake in Occidental Petroleum (OXY), a dividend-paying energy stock trading at a discount, with attractive valuation metrics and a steady dividend yield. OXY's strategic moves, debt reduction efforts, and expansion in the Permian Basin make it a potentially lucrative investment opportunity.

Occidental Petroleum is an oil and gas stock that is also part of Warren Buffett's equity portfolio. Trading at a cheap valuation, is OXY a good stock to own right now?

South Africa’s Department of Mineral Resources and Energy was split in two after the 2024 general elections: Electricity and Energy and Mineral and Petroleum Resources. Part of the reason was to prevent conflicts of interest. Before the 2024 elections, the transition to renewable energy was at odds with the development…

Gasoline is a seasonal fuel, while heating oil is a proxy for other distillates, making it a more year-round oil product. As the markets move into the fall and winter seasons, gasoline demand will decline, but heating oil demand will remain steady.

Marathon Petroleum recently underperformed the Dow, but Wall Street analysts are moderately bullish about the stock’s prospects.

Occidental Petroleum has underperformed the broader energy sector over the past year. However, analysts are moderately bullish on the stock's potential.

Minister of State for Petroleum Resources Heineken Lokpobiri said the government wanted to make it clear it was not controlling petrol prices because the sector was deregulated, and added they were working hard to quickly resolve the situation, following which the prices will stabilize.

In 2023, 83% of energy consumption was from fossil fuels, 9% was from nuclear power, and 9% was from renewable energy.